Auto Prop Reit (TSE:APR) Rating Increased to Strong-Buy at National Bank Financial

National Bank Financial upgraded shares of Auto Prop Reit (TSE:APR) to a strong-buy rating in a research note issued to investors on Thursday morning,Zacks.com reports.

Separately, Desjardins raised Auto Prop Reit from a “hold” rating to a “moderate buy” rating in a research note on Thursday, November 14th.

Auto Prop Reit Stock Performance

Auto Prop Reit Dividend Announcement

The firm also recently declared a monthly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were given a dividend of $0.067 per share. This represents a $0.80 dividend on an annualized basis and a yield of ∞. The ex-dividend date was Thursday, October 31st.

Auto Prop Reit Company Profile

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 64 income-producing commercial properties and one development property, representing approximately 2.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec.